From the moment you arrive, 8 Arezzo Drive delivers a welcoming first impression with established landscaping, flower-filled window boxes, wood shutters and Juliette balcony with ironwork accents. Enter through the solid wood door with leaded glass and iron scroll detail, and you’re greeted with gleaming hardwoods, crown molding and large light-filled windows. The focal point of this impressive space is the floor-to-ceiling custom stone fireplace with stone mantle, raised hearth and gas-logs that offer both ambience and a secondary heat source. Continue through the oversized arched doorways into the open-concept kitchen/dining area boasting a Tuscan-inspired stone wall and wood-beamed ceiling harkening elements of traditional Italian architecture. The kitchen is oversized offering abundant cabinet storage, plenty of counter space for meal prep, stainless appliances, bar seating for three and a walk-in pantry for dry goods. Host a larger group of 8-10 comfortably in the dining room that’s also cozy for a party of four, while overlooking the covered and open patios for year-round indoor/outdoor living. Off the patio is a grassed side yard and an ideal spot for a garden, water feature or pet area. It’s enclosed by a 5-foot-tall black aluminum fence so dogs and kids can play without worry, and there’s a locking front gate for convenient access to the neighborhood. A private primary suite is tucked away at the back of the house and offers large windows, two walk-in closets with custom closet systems, a vanity with dual sinks, fully tiled shower, separate garden tub, water closet and substantial linen closet. Also on the main floor is a second bedroom and full bathroom, ideal for guests as it’s located at the front of the house, or as a home office, flex room or nursery. A spacious walk-in laundry room with cabinet storage, a second pantry/storage space, and attached rear-entry two-car complete the main level. Follow the hardwoods and ironwork upstairs and find a HUGE 22x17 bonus room with a multitude of uses like a media room, home gym or playroom, a large bedroom and full bathroom. For those needing storage space, the walk-in attic does not disappoint and delivers 300 sf to stow personal items. 8 Arezzo Drive is in Montebello, an established amenity-rich community with a newly renovated club house, tennis/pickleball court, pool, playground, lakes for fishing, bocce ball court and several pocket parks. This neighborhood is active and social with weekly, monthly, and annual events for neighbors to connect. All this minutes from downtown Greenville, Swamp Rabbit Trail, Travelers Rest and Furman University.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
